Pathstone Family Office LLC grew its position in shares of MSC Industrial Direct Company, Inc. (NYSE:MSM) by 7.2% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,999 shares of the industrial products company’s stock after acquiring an additional 337 shares during the quarter. Pathstone Family Office LLC’s holdings in MSC Industrial Direct were worth $430,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in MSM. BlackRock Inc. boosted its position in MSC Industrial Direct by 7,681.5% during the 1st quarter. BlackRock Inc. now owns 3,725,557 shares of the industrial products company’s stock worth $382,836,000 after acquiring an additional 3,677,680 shares during the last quarter. FMR LLC boosted its position in MSC Industrial Direct by 72.5% during the 1st quarter. FMR LLC now owns 3,074,574 shares of the industrial products company’s stock worth $315,943,000 after acquiring an additional 1,292,581 shares during the last quarter. Alliancebernstein L.P. boosted its position in MSC Industrial Direct by 267.2% during the 2nd quarter. Alliancebernstein L.P. now owns 1,441,259 shares of the industrial products company’s stock worth $123,891,000 after acquiring an additional 1,048,714 shares during the last quarter. JPMorgan Chase & Co. boosted its position in MSC Industrial Direct by 26.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 3,124,573 shares of the industrial products company’s stock worth $268,588,000 after acquiring an additional 649,201 shares during the last quarter. Finally, Jennison Associates LLC boosted its position in MSC Industrial Direct by 52.8% during the 2nd quarter. Jennison Associates LLC now owns 912,001 shares of the industrial products company’s stock worth $78,396,000 after acquiring an additional 315,012 shares during the last quarter. 75.58% of the stock is owned by hedge funds and other institutional investors.

MSC Industrial Direct Company, Inc. (NYSE:MSM) traded up 0.59% during midday trading on Wednesday, hitting $73.13. The stock had a trading volume of 92,822 shares. MSC Industrial Direct Company, Inc. has a 1-year low of $65.42 and a 1-year high of $105.70. The stock has a market capitalization of $4.16 billion, a PE ratio of 18.24 and a beta of 0.51. The stock’s 50-day moving average is $69.45 and its 200-day moving average is $83.70.

MSC Industrial Direct (NYSE:MSM) last announced its earnings results on Wednesday, July 12th. The industrial products company reported $1.09 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.09. The company had revenue of $743.90 million for the quarter, compared to analysts’ expectations of $744.49 million. MSC Industrial Direct had a return on equity of 20.05% and a net margin of 8.07%. MSC Industrial Direct’s quarterly revenue was up 2.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.05 earnings per share. On average, equities research analysts anticipate that MSC Industrial Direct Company, Inc. will post $3.97 EPS for the current fiscal year.

In related news, Director Philip Peller bought 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 19th. The shares were bought at an average price of $72.00 per share, with a total value of $72,000.00. Following the completion of the transaction, the director now directly owns 2,422 shares in the company, valued at $174,384. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 31.28% of the stock is owned by insiders.

MSM has been the subject of a number of recent research reports. Zacks Investment Research raised MSC Industrial Direct from a “hold” rating to a “buy” rating and set a $99.00 price target for the company in a research report on Saturday, July 8th. TheStreet downgraded MSC Industrial Direct from a “b” rating to a “c+” rating in a research report on Wednesday, August 16th. Stifel Nicolaus reaffirmed a “hold” rating and set a $88.00 price target (down previously from $92.00) on shares of MSC Industrial Direct in a research report on Monday, June 12th. KeyCorp reaffirmed a “hold” rating on shares of MSC Industrial Direct in a research report on Sunday. Finally, BMO Capital Markets reduced their price target on MSC Industrial Direct from $98.00 to $87.00 and set a “market perform” rating for the company in a research report on Friday, July 14th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and four have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $91.75.

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About MSC Industrial Direct

MSC Industrial Direct Co, Inc is a North American distributor of metalworking and maintenance, repair and operations (MRO) products and services. The Company’s range of MRO products include cutting tools, measuring instruments, tooling components, metalworking products, fasteners, flat stock, raw materials, abrasives, machinery hand and power tools, safety and janitorial supplies, plumbing supplies, materials handling products, power transmission components and electrical supplies.

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Institutional Ownership by Quarter for MSC Industrial Direct (NYSE:MSM)

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